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You didn't say why you are considering this but:
You save nothing in taxes;
You will spend a lot of time on the commute;
You will spend more than you necessary on transportation expenses (plus there will be a toll on the bridge within a year or two).

I wouldn't take that commute for a million dollars. Its doable sure but only if you want to commute 1 1/2 - 2 hours each way. There is one "freeway" (its really a highway) that travels east/west to Hillsboro.
They are doing bridge construction in Vancouver and construction on Hwy 26 (to Hillsboro) for a while.

Well, my office is currently in Gresham and we are relocating the office to Hillsboro this summer.
Now from Vancouver to Gresham is a pretty easy commute with about 25 minutes in the morning
and 35 in the evening. Now since the company is moving to Hillsboro and currently living on the east side of Vancouver next to Camas sounds frightening for a commute. Would be leaving at 6:30am and getting off at 5pm.
Not that easy when you own a home that has lost value. A lot homes here have been on the market over a year, sad!

If you can avoid a short sale remember that you are selling in the same market that you will be buying into. The other option would be to rent your current home and rent near Hillsboro. The latter is what I recommend for the following reason:

Take a long hard look at your employer's management. In my youth Standard Oil would pull that maneuver to shake loose employees. As I recall they had a defined benefit pension plan in those days and if they moved the operation now and again the only employees who accumulated years of service was management (whose moves they paid for). The era of defined benefit retirement plans has passed so that can't be the reason. I suspect that your operation is very low on the corporate pecking pole and has few hard to fill positions. Given what has happened to you what would prevent them from moving again to Canby, for example. Just a thought...

@Nell Hillsboro gives some better corporate taxes then Gresham. The lease on the office building may be significantly lower too.

To the OP, I too would be in the "never in a million years" boat in commuting from Vancouver to Hillsboro. You're looking at an hour to 90 minutes easy. Your route choices are severely limited, and are all busy also.

On the other hand, living in eastern Vancouver and commuting to Gresham, you probably use I-205 bridge now.

You could look into commuting across the I-205 bridge and exit at the US-30 / Parkrose exit at head to the Parkrose Park and ride lot and take the Red MAX to Downtown, then switch to the Blue line MAX to Hillsboro. As usual, this will only work if your new office building is less than 1/2 mile from the MAX line stop. If the walk is much longer, rain or summer heat will make this a pain.

The Gateway transit center parking lots fill up quite early, but that would of course be ideal place to catch the Blue MAX. But during rush hour, the seats are usually filled before the Blue line reaches Gateway TC near the intersection of I-84 and I-205.

Your major traffic jam will be the I-84 to I-5, to I-405, to US-26 (sunset Highway) traffic snarl at the south end of Downtown Portland during rush hour. This is where the MAX will save you a few minutes. @ $4.00 a gallon, ticket prices and gas costs from I-205 to Hillsboro might end up being a wash.

The chances that your new office will be close to a MAX stop is remote to non-existent would be my guess.

Evidently the home addresses of the employees was not a factor in this decision, or the OP is a geographic outlier. Rents in Hillsboro cheaper than Gresham?? Doubt it. One of the reasons why housing is more expensive closer to the city center is that no matter where your place of employment in the metro area the commute is not awful.

Sometimes leases are negotiated by 'specialists' who are rewarded based on the lease contract not by operational needs. I still think this is a management issue and there is no reason to believe that the practice of moving and moving and moving the office will cease.

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